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bm887
Returning Member

Which w-2 box 1 or 5 determines earnings for Roth contribution?

My W-2 has Box 1 = $6707, Box 5= $7783, Age is 70. Can I contribute the full $7000 to a Roth IRA?

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2 Replies

Which w-2 box 1 or 5 determines earnings for Roth contribution?

Your taxable compensation, box 1 usually.   Enter it into the IRA contribution section and TurboTax will tell you if you qualify.

 

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
bm887
Returning Member

Which w-2 box 1 or 5 determines earnings for Roth contribution?

Thanks

 

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